Stocks Close Down 2% to 14-Month Low
By Sarah Ponczek and Vildana HajricFed decision looms large; Obamacare ruling whacks insurers; dollar slips; Texas crude settles below $50; Treasuries gain.
December 17, 2018
The CFPB Is Failing Student Loan Borrowers: ReportAnalysis from the Student Borrower Protection Center, founded by the CFPB's former student loan ombudsman.
December 17, 2018
SEC Hits BNY Mellon for $54M Over Improper ADR HandlingBNY Mellon improperly provided ADRs to brokers in thousands of prerelease transactions, the SEC says.
December 17, 2018
UBS Fined $15M by Multiple Agencies for Significant AML DeficienciesAccording to FINRA, SEC and FinCEN, UBS' anti-money laundering systems failed to monitor certain high-risk transactions for years.
December 17, 2018
Vanguard to Merge Growth Funds, Shake Up 3 Fund Advisory Teams: Portfolio ProductsAlso, Anthony Scaramucci's SkyBridge Capital and EJF Capital have launched an Opportunity Zone-focused REIT.
December 17, 2018
SEC Warns RIAs to Review Electronic Communication PoliciesAn OCIE Risk Alert zeros in on advisor infractions of the Books and Records and Compliance Rules.
December 17, 2018
ESG Interest Is Surging. Where Are the Advisors?Interest in environmental, social and governance investing is on the rise. Among advisors, not so much. So says a new report from Cerulli Associates,…
December 16, 2018
Pacific Life Pulls Ads From Tucker Carlson's Show on Fox NewsThe company says it disagrees with the host's comments about immigrants.